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Aviva to Expand in Asia

By

P.R. Venkat

Updated April 9, 2010 8:30 a.m. ET

SINGAPORE—U.K. insurance group Aviva PLC on Friday launched plans to expand in Asia's general-insurance market, returning to Singapore after a five-year absence in a bid to tap the region's significant growth potential.

The company was locked out of Singapore and some other Asian markets by a noncompete clause linked to the sale of its Asia general-insurance business to Mitsui Sumitomo in 2005 for $450 million. That clause expired...